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"Ngandu Hotel: 25 Years of Success, Yours to Own!"

N$ 23,500,000

Property Details

48 bedrooms
48 bathrooms
4 garages
1 carports
1 pool
1 study
48 living areas

Agent Details

LaRochelle Properties

Rochelle Mulder

Rochelle Mulder

+264 818593213
rochelle@larochelleproperties.com

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"Ngandu Hotel: 25 Years of Success, Yours to Own!"

**Exclusive Opportunity to Acquire Ngandu Hotel - A Profitable Investment** We are thrilled to present a unique and lucrative investment opportunity: the sale of Ngandu Hotel, located in the vibrant town of Rundu, Namibia. This iconic property, a cornerstone of hospitality in the region, offers an unparalleled chance to own a thriving business with significant growth potential. **Property Details:** - **Location:** Erf 1652, Rundu, Namibia - **Size:** 37,910.00 m² - **Valuation:** Market Valuation N$32,800,000.00 | Insurance Valuation N$44,990,000.00 - **Asking Price:** N$32,000,000.00 **A Gem in the Heart of Rundu:** Ngandu Hotel is a testament to 25 years of successful operation, renowned for its exceptional hospitality and strong customer relationships. Situated in a strategic location near the Kavango River, this property offers a serene environment, making it a trusted choice for travelers. It features diverse accommodations including 41 rooms, 7 houses, and 12 campsites, alongside conference facilities with 3 halls. Guests can enjoy leisure time at 2 bars with swimming pools, and dine at a restaurant with a well-equipped kitchen. Additional amenities include a volleyball court, staff and owner residences, bachelor flats, laundry room, reception area, and much more. **Inclusions:** - **Utilities:** Gas geysers and borehole water supply ensure operational efficiency. - **Vehicles:** Two vehicles included in the sale. - **Security:** A robust system with 8 installed cameras, a security office, and a 2-way entrance gate. - **Green Energy:** Equipped with 370W solar panels, a 100KVA three-phase inverter, and 305KWH Lithium blue batteries. - **Backup Power:** A reliable 60KVA generator. - **Environmental Features:** Three serene fish ponds enhance the property's appeal. **Financial Highlights (2022):** - **Revenue:** N$8,648,474.00 - **Gross Profit:** N$6,841,521.00 - **Net Profit (Before Tax):** N$1,722,503.00 **Reason for Selling:** Ngandu Hotel is being offered for sale as part of a strategic decision to downscale operations. While it has been a rewarding venture, we believe it's the right time to pass this thriving business on to new owners who can continue its legacy of success. **Future Development Plans:** The hotel holds significant potential for future growth. We currently qualify for a casino license which, once approved, will significantly boost revenue. Additionally, plans to construct a beautiful chapel for weddings will further enhance revenue opportunities. Our vision is to create a dynamic space that caters to conferences during the week and enchanting weddings on weekends. **Why Invest in Ngandu Hotel:** - **Established Reputation:** With a sterling reputation built over 25 years, Ngandu Hotel is a trusted name in hospitality. - **Diverse Revenue Streams:** The property generates income from multiple sources including accommodations, dining facilities, conference halls, and entertainment areas. - **Strong Financial Performance:** The hotel's financial results in 2022 reflect its profitability and growth potential. - **Strategic Location:** Situated in Rundu, it benefits from proximity to the Kavango River while providing a tranquil retreat. - **Green Energy Solutions:** The hotel's commitment to solar energy reduces operational costs and minimizes environmental impact. This exceptional opportunity allows you to acquire a thriving hotel business with an established track record and exciting growth prospects. Ngandu Hotel is well-poised for further expansion and success under the right stewardship. For more information or to explore this opportunity further, please do not hesitate to contact us. We look forward to discussing this unparalleled investment with you.

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